IAG hangs out ‘for sale’ sign on UK business
21 May 2012
IAG has effectively put its loss-making UK division on the market, announcing a review of the business with a sale listed as a possible outcome…
Corporate
Fogarty points to Zurich’s ‘declaration of faith’
21 May 2012
Daniel Fogarty says his appointment as the next CEO of Zurich General Insurance Australia is a “strong declaration of faith” in the company’s existing strategy…
Suncorp natural hazard claims higher than expected
21 May 2012
Suncorp faces natural hazard claims of $253 million above expectations, according to its general insurance update…
Dual pushes into Singapore
21 May 2012
Underwriting agency Dual International plans to open a Singapore office in the second half of this year…
Ansvar claimants to vote in June
21 May 2012
Church-based insurer ACS (NZ) Ltd, the former Ansvar New Zealand, has written to policyholders to inform them of a June 12 meeting in Christchurch…
Lumley reviews rural business
21 May 2012
Lumley Insurance will write only limited new business for its rural products during the next few months because it is reviewing the business…
Assetinsure forecasts harder market
21 May 2012
Soft market conditions are likely to improve this year, Assetinsure says in its 2011 annual report…
NSW brokers save time with online tool
21 May 2012
Suncorp subsidiary GIO has made it easier for NSW brokers to place workers’ compensation cover by further developing its online facility…
QBE breaches ASX disclosure rules
21 May 2012
QBE has assured the Australian Securities Exchange it will be more careful after breaching continuous disclosure rules…
Townsend quits Chartis for Metlife
14 May 2012
Chartis Asia-Pacific CEO Chris Townsend is joining US financial services giant Metlife as head of its Asia region…
Ebix posts more solid results
14 May 2012
US-based software provider Ebix’s first-quarter revenue this year is $US43.8 million ($43.5 million), up 9% from the first quarter last year, due to targeted infrastructure investments…
Reynoldson quits Calliden
14 May 2012
Calliden Chief Counsel Mikaela Reynoldson resigned last week…
MGA acquires Access Insurance
14 May 2012
MGA Insurance Brokers has continued its expansion into the Melbourne market with the acquisition of Access Insurance Advisers…
Herbert receivers await payment from Aon
14 May 2012
Failed New Zealand broker Herbert Insurance is unlikely to have funds available to repay most creditors, even after the sale of its client book to Aon is finalised…
Shareholders approve Insured Group’s ASX listing
14 May 2012
Insured Group shareholders have agreed to delist on the New Zealand Stock Exchange and apply for a listing on the Australian Securities Exchange. They also agreed to raise $2.25 million through a public float…
Indonesia remains on IAG’s hit list
07 May 2012
Indonesia remains the missing piece in IAG’s six-country Asian expansion strategy, CEO Mike Wilkins says…
Advisernet names new MD
07 May 2012
Adrian Kitchin has been named the new MD of Insurance Advisernet Australia and Insurance Advisernet New Zealand…
Neal gets his team together
07 May 2012
QBE’s restructure of its group executive positions the global company for life after Group CEO Frank O’Halloran retires in August…
Wesfarmers winning market share with its Coles business
07 May 2012
Wesfarmers Insurance says it is converting 40-50% of people asking about insurance through the call centre of giant retailer Coles…
Low funds hamper Western Pacific liquidation
07 May 2012
The liquidators of failed New Zealand insurer Western Pacific Insurance are having trouble dealing with claims because they do not have funds available to hire loss adjusters…